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While there are many examples of the errors in judgment of the leaders of those
organizations, I want to remind everyone of the prospect of electric utility
deregulation in West Virginia. In the late 1990’s most major electric utility
companies elected to promote deregulation in each of the several states. You
may remember that in West Virginia if you were an Appalachian Power customer
you suddenly begin receiving bills from American Electric Power. With
deregulation, billing would come from the corporate parent, and not from the
utility regulated within the state.
Notwithstanding the virtually unanimous support the bill enjoyed, I was skeptical.
At the time consumers in West Virginia enjoyed among the lowest electric utility
rates in the nation. I did not believe deregulation of electric utilities in West
Virginia would improve the lives of West Virginia consumers; moreover, I was
concerned that deregulation would have an adverse impact on the overwhelming
majority of West Virginians.
And that year’s delay brought the collapse of the business whose practices were
the model being followed by those favoring electric utility deregulation. And with
the collapse of the model (Enron), there have been no further cries for the
deregulation of electric utilities in West Virginia.
Bill Wooton